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The Toronto Dollar
project was started by a group of community-minded people with a
dream - to build a healthier, more prosperous local economy that
puts more spending power in the hands of people in need. You can
help us make a difference by using Toronto Dollars. The Toronto
Dollar is a local currency that benefits the community by:
- strengthening the local economy and supporting
new businesses
- keeping your money working and circulating locally
- bringing decision-making back to the community
- creating new employment opportunities
- supporting community projects with the funds received
from the 10% merchant contribution
How it works:
- consumers exchange 1 Canadian dollar for
1 Toronto dollar through participating organizations or at the
Toronto Dollar booth at the St. Lawrence Market (open on Saturdays)
- you spend Toronto Dollars as you would Canadian
dollars at participating businesses. There is a registration fee
of $25 for new businesses.
- the 10% solution: each time a Toronto Dollar
is purchased from Toronto Dollar Inc, 90 cents is deposited in
a reserve fund and 10 cents goes to the Toronto Dollar Community
Projects Fund
- businesses can spend the Toronto Dollars
for services or products at other businesses, hire part-time staff
or they can redeem their Toronto Dollars for 90 cents
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